INSIIDE Track Trading

Eric Hadik’s Cycle Progression™

Think of cycles as unfolding in the following 8-count explanation of Hadik’s Cycle Progression™...

#1--Low-Low (0 -- (2) wave low)   #5--High-High (5) high -- B high)
#2--Low-Low ((2) -- 2 of (2) low   #6--High-High (B high -- 2 of C high)
#3--Low-High (2 low -- (3) high)   #7--High-Low (2 of C high -- 3 of C low)
#4--High-High (3) high -- (5) high)   #8--Low-Low (3 of C low -- 5 of C low)

At this point, the sequence begins anew (C wave = 0).

The problem that most cycle analysts and cycle programs have is that they are constantly searching ONLY the lows or ONLY the highs for a consistent cycle. The futility of this exercise forces most novice “cyclists” to give up in desperation. Cycles are a dynamic entity -- they keep progressing and changing (direction--not amplitude). This disguise is what throws most cycle observers off track and forces most technicians to conclude that cycles are ambiguous, inconsistent and worthless.

This single point--and the grasping of it... or lack thereof... is the largest determinant in how traders view cycles. Those looking for a ‘static world’ scenario become quickly disillusioned with the apparent imperfect nature of cycles. Those understanding the true nature of cycles will have a much easier time grasping them... and using them effectively.

©ITTC -- www.insiidetrack.com

[An extensive discussion on cycles as well as additional details, charts, & diagrams can be found in Eric Hadik’s Tech Tip™ Reference Library.]
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